Baytex Energy Corp T.BTE

Forget showering, it's eat or heat for shocked Europeans

[smallcaptdr]

Here's a great description of just how bad its gotten over in Europe, millions of people in Europe are now spending a record amount of their income on energy so where will the money come from to pay for higher interest rates on their debt or buying food that inflation made costly, and it's going to get bad here in the States with gasoline and diesel fuel forecast to climb back up to record prices because of corporate greed wanting to manipulate Oil production, this summer all you heard about is that Oil production couldn't keep up to demand well here we are now looking at demand softening due to the economy contracting so after all of their whining that Oil producers can't keep up to demand now that everything is starting to balance out they want to cut production what Aholes! They're shooting themselves in the foot because higher Oil will mean higher inflation which will lead to higher interest rates which will lead to the economy imploding and Oil will be forced down to $40 a barrel, if they just balanced things out they would be able to keep everyone happy with $70 Oil but that's not going to happen. I can't wait to watch the next market crash happen so I can say, told ya! There's nothing good to be said about the economy and that says it all.



Analysis-Forget showering, it's eat or heat for shocked Europeans hit by energy crisis By Reuters (investing.com)

[northmark]

You need to stay off the internet. You remind me of a buddy of mine who told us, 15 years ago, to sell your real estate and rent because the market was going to crash. No one listened to him either.